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Provident Financial plc, one of the UK's leading suppliers of personal credit products to the non-standard lending market, has just launched a new retail bond issue - a 6% 8 1/2 year bond listed on 27 March that raised £65 million.

The London Stock Exchange welcomes Paragon Group of Companies PLC, specialist lender of buy-to-let mortgages, on its Order book for Retail Bonds (ORB). Paragon's 7 year and 9 month maturity bond raised £60 million and offers a fixed annual coupon of 6%.

Oliver Brown, Head of Fixed Income at Winterflood Securities, opened London market this morning and joined ORB as market maker. Winterfloods will provide liquidity on corporate bonds and Gilts tradable on ORB.

New issues on ORB raised more than £1.5 billion in 2012, up 22% on previous year. Total money raised through 32 new bonds on ORB is now at £3 billion since its launch

On book trading of corporate bonds in 2012 was more than five times higher than 2011

Off book trading of corporate bonds grew by 58% compared with the previous year

Alpha Plus launches secured retail bond on ORB

19 Dec 2012

The London Stock Exchange welcomes Alpha Plus Holdings plc as a new issuer on its Order book for Retail Bonds (ORB). The bond raised £48.5 million through the first secured issue on ORB since its launch.

Unite Group launches retail bond on ORB

12 Dec 2012

The London Stock Exchange welcomes Unite Group plc as a new issuer on its Order book for Retail Bonds (ORB). The bond raised £90 million and offers a fixed annual coupon of 6.125%.

An ORB panel session was featured at the London Investor Show at London Olympia on 26 October 2012. The panel included Patrick Gordon from Killik & Co, David Budworth from The Times and Peter Temple an expert and author in Fixed Income. The panel was moderated by Mark Glowrey from Canaccord Genuity. Key themes of discussion included:

balance of bonds in a portfolio

bond issuer financial health and agency ratings

what are some of the risks and is the coupon a suitable compensation for taking on the risks